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Wednesday, May 14, 2014

Nuancing Piketty (Larry Summers Speaking)

Books that represent the last word on a topic are important. Books that represent one of the first words are even more important ... Piketty has emerged as a rock star of the policy-intellectual world. Every pundit has expressed a view on his argument, almost always wildly favorable if the pundit is progressive and harshly critical if the pundit is conservative. Piketty’s tome seems to be drawn on a dozen times for every time it is read ... and as a conclusion: Thomas Piketty’s tour de force analysis doesn’t get everything right, but it’s certainly gotten us pondering the right questions.

I quoted from The Inequality Puzzle, an article by Larry Summers, published in Democracy, a Journal of Ideas:

(Thomas Piketty)



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